NEW PPP bill passed in the House was just passed by the Senate!

Changes | New bill:

Increases the time frame to use PPP from 8 weeks to 24 weeks (optional).

Now requires at least 60% of the loan to be used on payroll to be forgiven.

Extends “safe harbor” date to hire back employees from June 30 to Dec 31.

We will need more interpretive guidance to come out from the Treasury as certain issues have not yet been clarified (such as whether the limits on owner pay still exist, and period uses for the FTE and salary/hourly reduction calculations).


In light of the developments regarding COVID-19, we would like to first say that our thoughts are with those affected by the virus in the United States and around the globe. As more jurisdictions across the country are closing schools, limiting large gatherings, and taking other measures to create social distance to minimize the spread of COVID-19, our team continues to work remotely. We have robust technology that enables our team to efficiently and effectively perform their work remotely.

Our founder has been working remotely since 1993, a first mover in remote bookkeeping services which inspired the founding of Catalyst QuickBooks Solutions in April 2008.  In the mid-1990s our founder fought on Capitol Hill to redefine the Small Business Administration’s “SBA’ definition of small business as their guidelines excluded an important demographic that collectively represents as a super business power. We continue to monitor the developments of the SBA’s EIDG, EIDL, and PPP programs under the historic CARES Act 2020.  Please contact us through our portal, we will respond asap.  Stay safe and healthy!  #StayHome #StayStrong #SBA #PPP #EIDG #EIDL #CARESAct



Sunrise Mountain | Las Vegas, Nevada

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Booking quickbooks in-kind donationsGifts in kind, often called “in-kind donations,” are a type of charitable donation in which, rather than giving cash to a qualifying nonprofit  NGO with which to purchase needed supplies and services, the goods and services are donated directly.

In-kind donations are distinguished from cash or stock shares gifts. While some nonprofit observers have debated the advantages of in-kind donations over giving cash, others have argued for the disadvantages of gifts in kind, particularly in the context of disaster relief.  For a summary discussion, go to Wikipedia: Gifts in kind

Whatever the pros and cons, the annual volume of entering in-kind donations being made to nonprofits  is on the rise.

So how does a nonprofit properly go about entering in-kind donations in QuickBooks?

[read more…]


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